Sale signs adorn residential buildings under construction in Huizhou, Guangdong province, China October 10, 2024. To encourage the buying of big-ticket items like property, China is making it easier and cheaper for people to draw from their Housing Provident Fund accounts. - Reuters
BEIJING: China unveiled a much anticipated plan on March 16 to invigorate consumption by boosting jobs and strengthening the social safety net, at a time when joblessness is creeping up and a property recovery is fizzling out.
Analysts are reserving judgment about the plan until more details are out.
